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A period of rapid growth is being experienced by cryptocurrencies like DeFi.
- DeFi protocol tokens’ total value locked (TVL), increased 357% to $255.39 trillion among all other blockchains.
- In January 2022, cryptocurrencies were worth more than $2.5 trillion.
- The global crypto market is worth more than $2 trillion.
Crypto lending is the fastest growing niche in the sector. DeFi lending protocols account for more than $35 billion TVL. Ethereum has a 54% market share. Ethereum’s slow speed, high cost, and insufficient scalability are the problems.
- Ethereum only can process 10-15 transactions per second. Orders pile up quicker than orders can be processed and delays are the result.
- High demand can lead to high gas prices. In January 2022, the average transaction cost was $50.
- Ethereum’s market share is rapidly eroding after peaking at 97% in January 2021, as developers and crypto investors flock to more flexible and versatile blockchains.
To permanently solve DeFi’s challenges, AdaLend Developed a fully decentralized Layer-1 platform that is user-friendly and scalable for quick loan approvals, automatic collateral, trustless custody and augmented lending liquidity. AdaLend is based on the Cardano Blockchain, which has the most advanced proof-of-stake (POS), and aims to unlock the next generation in seamless, secure, and fast crypto lending.
AdaLend’s features are innovative as well as powerful.
Unique Architecture – The AdaLend protocol aims to improve the efficiency of capital flows, managing several lending pools via the native $ADAL token. Every pool is composed of several components, including a liquidation model, an utilization rate, and a borrowing or lending interest rate. This protocol allows tokenization of deposited assets and automatically transfers ownership between users.
Incentivised Liquidity – DeFi lending protocols need to attract Liquidity Providers (LPs) to stake assets in pools to enable lending. AdaLend achieves this by providing LPs with strong incentives and APY in order to increase lending liquidity and deposit assets.
Flexible Loan Options – All lending in AdaLend is permissionless, trustless, and can be done on any token pairing. The protocol’s governance ensures that the best offers are available and that only the safest oracles are used to determine pricing and rates.
Decentralised & Democratic Governance – All $ADAL token holders can participate actively in the governance of AdaLend, voting on proposals and determining the future evolution of the platform. AdaLend DAO is a fully open, democratic, transparent, global financial system that aims to scale.
Idle Asset Optimisation – AdaLend minimises the utilization ratio for non-stable coins and maximises token circulation, achieving a double goal – maintaining high liquidity levels for protocol users, and offering attractive lending rates for borrowers. AdaLend can also transfer idle assets to stable swap platforms, reducing their number. By doing this, token holders who are in cold storage will be able to utilize them for AdaLend support and receive additional rewards.
The capabilities of the Cardano blockchain are the magic fuel that powers AdaLend’s long-term expansion plan.
Cardano: Why? AdaLend’s Competitive Edge
Cardano’s versatile, scalable, cost-effective Blockchain is ideal for building a next generation cryptocurrency lending platform. In 2017, Charles Hoskinson (Ethernet Co-Founder) created it as a Proof of Stake (PoS), where all code changes are thoroughly peer-reviewed. Cardano’s advantages are clear:
Efficiency – Cardano is 47,000x more energy-efficient than Bitcoin, leading the space as an environmentally friendly blockchain.
Scaleability – Cardano can process 250 TPS, with estimates that it will be able to reach eventually 1 million TPS.
Cost-Effectiveness – Cardano’s fees are currently about $0.35 per transaction, over 100x times lower than Ethereum.
Growing Traction – Interest and investment in Cardano has been rising consistently, with TVL reaching $133.39 million as of March 2nd, a new all-time high, and the number of wallets holding Cardano’s native currency ADA recently surpassing the three million mark
Aave, an Ethereum-based platform that facilitates DeFi lending has dominated this space until now. The DeFi market seeks faster, more affordable, and more flexible solutions.
AdaLend provides this solution. Investors are beginning to recognise it. It took less than one minute to sell 1.8M ADAL tokens in the September 2021 private sales, which raised $540,000. AdaLend is now holding a public sales on five launchpads, VelasPad and PulsePad. This will help fund its expansion plans. These launchpads are very popular and you can pre-sale $ADAL tokens at a discount price. The $ADAL token will be listed on the main crypto exchanges that are connected to them, allowing investors immediate liquidity and visibility. AdaLend’s unique features, unparalleled capabilities and embedded scaling make it ready for the dawn of DeFi lending.
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